This review of the quality and use of option appraisal in Government is based on case examinations of over 50 impact assessments and business cases; surveys and interviews with over 100 economists, policy and finance staff; and analysis of relevant secondary sources. It is aimed at staff involved in option appraisal at working level or responsible for options appraisal within a department. There are specific findings which will be of interest to the Treasury and Better Regulation Executive.

May 2011